Fewer People Are Shorting Apple This Month Than In December
Apple Inc. (NASDAQ: AAPL) earnings are in and they're mixed. The company beat earnings and gross margin expectations, but missed on the revenue side. Apple also missed expectations for all three of its major product categories, the iPhone, iPad and Mac.
While Apple shares are muted post-market -- down about 0.70 percent to the mid $99 level, there's one interesting piece of data flying under the radar. According to Trade Ideas, the number of investors short Apple is now down 8 percent from the previous month. The company has an already low short percentage of float, but this information indicates fewer people are betting against the stock outright than they were over the holidays.
Some other interesting stats from Trade Ideas:
- Apple is currently 26.6 percent off all-time highs of $134.54 (split-adjusted)
- Apple is down 6 percent year to date
- Apple is down 13 percent over the past 12 months
- Apple's volume on Tuesday was 1.15 times normal
- In the social world, StockTwits users are mentioning Apple 219 percent more than average.
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